Small banks to provide 5,000 jobs in 3 months

Small Finance banks are expanding their banking network by opening branches in small towns and cities which why they are looking to hire people. These small banks are planning to hire over 5,000 in three months

Representative Image | Photo Credit: BCCL

New Delhi: Banking sector in India is set to provide jobs to thousands of people in coming months. Banking in India is not just limited to urban areas now. With the presence of small banks, rural and remote areas are getting bank services as well. These small will be generating employment within the next few months for a lot of people.

According to an Economic Times report, some of country’s leading small finance banks such as AU, Ujjivan, Utkarsh, Suryoday and ESAF are all set to hire about 4,000 to 5,000 people in smaller towns between January and March this year. Executives heading the expansion told the financial daily that these small lenders are in the final stage of opening their branches.

Small Finance banks are expanding their banking network by opening branches in small towns and cities which why they are looking to hire people. These small banks are planning to hire over 5,000 in three months

Representative Image | Photo Credit: BCCL

New Delhi: Banking sector in India is set to provide jobs to thousands of people in coming months. Banking in India is not just limited to urban areas now. With the presence of small banks, rural and remote areas are getting bank services as well. These small will be generating employment within the next few months for a lot of people.

According to an Economic Times report, some of country’s leading small finance banks such as AU, Ujjivan, Utkarsh, Suryoday and ESAF are all set to hire about 4,000 to 5,000 people in smaller towns between January and March this year. Executives heading the expansion told the financial daily that these small lenders are in the final stage of opening their branches.

Business head at TeamLease was quoted in the ET report saying, “Larger branch footprint is leading to more job creation and relocation opportunities for people to want to move to their home-towns.” As per the report, AU Small Finance Bank is planning to hire around 1,500 people while Ujjivan bank is looking to hire 600 people. Suryoday is looking to hire 200 to 250 people and ESAF is also planning to hire about 500 people.

Ujjivan Small Finance Bank MD Samit Ghosh told the business daily that the bank is hiring mostly for their growing branch network. The bank has hired over 5,000 people in the past nine months. It may be noted that these small finance banks have increased recruitment, therefore, creating job opportunities in small towns and cities.

As per the report, the banks are looking to hire fresh graduates as well as experienced bankers. There are jobs roles in analytics, investor relations, operational risk, and branch management.